Grand Rounds: Disability Insurance with Michael Relvas

The podcast addresses common misconceptions and mistakes related to disability insurance for physicians. Michael Relvas from Insurance Consultants clarifies that resident discounts typically extend 90 days post-graduation, advising listeners to evaluate multiple policy options rather than settling for the first quote. He emphasizes the importance of disclosing complete medical history to avoid policy exclusions and suggests considering guaranteed standard issue policies if health concerns exist. Relvas also highlights tax implications, noting private policies offer income tax-free benefits, unlike many employer-provided plans. He cautions against the belief that securing disability insurance is overly complex and urges listeners to prioritize understanding policy details for informed decisions.